USD/INR loses traction ahead of Indian and US PMI data

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USD/INR loses traction ahead of Indian and US PMI data
IndiaSEOMacroeconomics
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The Indian Rupee (INR) gains ground on Tuesday, backed by likely equity inflows and US Dollar (USD) sales from state-run banks.

India n Rupee holds positive ground on Tuesday amid equity inflows, USD sales, and lower oil prices. A hawkish repricing of US Fed rate-cut expectations might cap the pair’s downside. Market players await the preliminary India ’s HSBC PMI for April, due on Tuesday. The India n Rupee gains ground on Tuesday, backed by likely equity inflows and US Dollar sales from state-run banks.

US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the weakest against the Australian Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD -0.01% -0.01% 0.01% -0.10% -0.03% 0.05% 0.01% EUR 0.02% 0.02% 0.01% -0.07% -0.01% 0.08% 0.01% GBP 0.00% -0.01% 0.01% -0.10% -0.03% 0.05% 0.01% CAD 0.01% -0.01% 0.00% -0.08% -0.02% 0.07% 0.01% AUD 0.12% 0.06% 0.09% 0.08% 0.06% 0.15% 0.10% JPY 0.02% -0.02% 0.02% 0.01% -0.06% 0.09% 0.

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